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FORM 5500 DATA

Action Supply, Inc. 401k Savings Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/1998
  • Net Assets as of 12/31/2019 $2,680,606
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants126
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits44
  • Subtotal170
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total170
  • Total number of participants as of 01/01/2019168
  • Number of participants with account balances126
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address100 Route 50
  • CitySeaville
  • StateNJ
  • Zip08230-1113
  • Telephone(609) 390-0663
  • EIN22-2752206
  • Industry Code444190

Audit Information

  • Audit StatusAudited
  • AuditorCapaldi, Reynolds & Pelosi, Pa
  • Auditor EIN22-2097516
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? Yes $779
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $300,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $574,237
Contributions $263,347
Cash Contributions $263,347
Cash from Employers $44,832
Cash from Participants $218,515
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $0
Total Interest $0
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $310,890
Expenses $52,648
Total Benefit Payments $34,436
Directly to participants or beneficiaries, including direct rollovers $34,436
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $665
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $17,547
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $17,547
Other Administrative Fees $0
Net Income $521,589
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $2,681,997 $2,163,645 23.96%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $779 $0 0.0%
Employer Contributions $116 $0 0.0%
Participant Contributions $663 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $1,836,299 $1,496,539 22.70%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
Value of funds held in insurance co. general account $844,919 $667,106 26.65%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $1,391 $4,628 -69.94%
Benefit Claims Payable (1) $665 $1,088 -38.88%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $726 $3,540 -79.49%
Net Assets $2,680,606 $2,159,017 24.16%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Life Insurance Company
  • Atlantic Pension Services, Inc.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Transamerica Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $17,297 $0 $17,297
Atlantic Pension Services, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Recordkeeping fees Recordkeeper $250 $0 $250
Total $17,547 $0 $17,547

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Ta Blackrock Lifepath Index Retirem Transamerica Life Insurance Company DFE: Pooled Separate Account $543,532
Ta Blackrock Lifepath Index 2045 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $290,197
Ta Blackrock Lifepath Index 2025 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $242,922
Transamerica Partners High Yield Bo Transamerica Life Insurance Company DFE: Pooled Separate Account $115,804
Loomis Sayles Bond Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $108,197
Wmc Disciplined Us Growth Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $72,346
Ta Blackrock Lifepath Index 2035 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $62,008
Transamerica Partners Stock Index R Transamerica Life Insurance Company DFE: Pooled Separate Account $57,822
American Century Large Company Valu Transamerica Life Insurance Company DFE: Pooled Separate Account $51,614
Invesco Global Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $49,700
State Street S&P Mid Cap Index Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $49,256
Wells Fargo Small Company Value Inv Transamerica Life Insurance Company DFE: Pooled Separate Account $31,374
Bny Mellon International Core Equit Transamerica Life Insurance Company DFE: Pooled Separate Account $29,827
Ta Blackrock Lifepath Index 2040 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $26,712
Transamerica Mid Cap Value Opportun Transamerica Life Insurance Company DFE: Pooled Separate Account $23,933
Ta Blackrock Lifepath Index 2030 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $20,637
Invesco International Growth Ret Op Transamerica Life Insurance Company DFE: Pooled Separate Account $15,765
American Funds Balanced Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $14,846
Ta Blackrock Lifepath Index 2050 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $7,571
State Street Russell Small Cap Inde Transamerica Life Insurance Company DFE: Pooled Separate Account $7,360
Ta Blackrock Lifepath Index 2055 Re Transamerica Life Insurance Company DFE: Pooled Separate Account $5,779
Fidelity Advisor Small Cap Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $3,795
Neuberger Berman Large Cap Value In Transamerica Life Insurance Company DFE: Pooled Separate Account $2,790
Ta Blackrock Lifepath Index 2060 Transamerica Life Insurance Company DFE: Pooled Separate Account $2,513
Total $1,836,300

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 126
EIN 39-0989781
Industry Code 86231
Contract Number 997776-000
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $844,919
Value in Separate Accounts at Year End $1,836,298
Insurance Fees and Commissions $13,318
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
James C. Leap 1622 Tilton Rd, Northfield, NJ 08225 Insurance Agent or Broker $12,100 $0 BROKER COMMISSION
Atlantic Pension Services 511 Schoolhouse Rd, Ste 400 Kennett Square, PA 19348 Third Party Administrator $0 $1,218 TPA COMPENSATION
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract STABLE VALUE OPTION
Balance at the end of the previous year $667,106
Additions $198,775
Contributions Deposited during the year $93,983
Dividends and credits $0
Interest credited during the year $12,259
Transferred from separate account $92,533
Other $0
Total of Balance and Additions $865,881
Deductions $20,962
Disbursed from fund to pay benefits or purchase annuities during the year $15,298
Administration charge made by carrier $5,416
Transferred to Separate Account $0
Other $248
Balance at the end of the current year $844,919